Property discounts disappear

Property sales discounts according to research done by Zoopla are disappearing fast as the property market hots up.

The proportion of UK residential property with a reduced asking prices is now at it's lowest in 4 years.  Only 27% of properties for sale are now being sold at a discount to their original asking price significantly below the 40% of property back in 2011.

The average discount is now 6.25% of the original asking price (£20,782) down from 6.45% in November.

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